Galaxy Digital, a U.S.-based financial services provider in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire BitGo, an independent digital assets infrastructure provider. BitGo was the first independent regulated custodian in the U.S., purpose-built for digital assets. It has >USD40bn AuC, serving over 150 exchanges and over 400 institutional clients.
Category: Digital Assets
Banque de France completes digital currency test
In partnership with the European Investment Bank and Société Générale – FORGE, Banque de France has completed an experiment on the use of a central bank digital currency (CBDC) for settling digital bonds issued by the EIB through blockchain. The experiment consisted of the subscription to EIB-issued digital bonds by investors, for a total amount…
U.S. Marshals Service appoints BitGo for digital assets custody
BitGo, a digital assets financial services provider, has been awarded a contract for custody of digital assets for the U.S. Marshals Service through BitGo Trust Company, which is based in South Dakota.
Olympia set to offer Bitcoin custody in Canada after Knox deal
Further progress in the crypto-currency custody space in Canada. Olympia Trust Company has entered into a letter of intent with Knox Capital Inc. and Knox Industries Inc. by which, subject to the satisfaction of certain conditions, Olympia Trust will be granted the exclusive Canadian licence to use a proprietary Bitcoin custody system developed by Knox.…
State Street appointed as administrator for Iconic Bitcoin ETN
State Street has been appointed as the administrator of a planned Bitcoin-backed exchange traded note (ETN) issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH. The ETN will be listed on the Frankfurt Stock Exchange, following approval by BaFin, the German securities regulator. State Street will provide administration services to support…
Hex Trust strikes deal with PARSIQ
Hex Trust, a Hong Kong-based digital asset custodian, has entered into a strategic partnership with PARSIQ, a blockchain monitoring and event tracking service provider. The deal enables PARSIQ to use Hex Trust’s proprietary safekeeping solution, Hex Safe, for custody of PARSIQ’s treasury. In addition, clients will be able to store their PRQ assets in Hex…
CIBC Mellon wins three new crypto ETF mandates
CIBC Mellon has continued its impressive run of mandate wins in the burgeoning crypto- currency ETF space in Canada. It has been appointed to provide fund administration and ETF settlement services for three new ETFs: the CI Galaxy Ethereum ETF, Evolve’s Ether ETF, and Purpose Investment’s Purpose Ether ETF.
Apex beefs up digital banking team
Apex Group, the Bermuda-based financial services provider, has appointed Alistair Stuart to the newly created position of head of digital banking. Stuart was formerly COO at Investec Bank Plc. Apex delivers its banking services, including the digital banking platform, through its subsidiary, European Depositary Bank. In his new role, Stuart will lead enhancements to the…
Stephanie Miller joins Lukka as COO
Lukka, a provider of institutional crypto asset software and data services, has appointed Stephanie Miller as COO. In her most recent role, Miller spent three years as CEO of Intertrust N.V., a publicly traded financial services firm based in the Netherlands. Miller has also held senior roles at SS&C Technologies and J.P. Morgan, where she…
Pure Digital to deploy State Street’s Currenex platform for digital asset trading
Puremarkets Ltd, a UK-based business trading as Pure Digital, has entered into an agreement with State Street to deploy Currenex, State Street’s FX trading technology, as the infrastructure for Pure Digital’s new wholesale digital currency trading platform. Additionally, Pure Digital and State Street intend to further explore opportunities in the digital currency trading space. Pure…